Crypto.com and dYdX are teaming up to bring derivatives trading to the masses! Get ready for up to 50x leverage in a user-friendly, secure environment.
Hold on to your hats, folks! The world of crypto trading just got a whole lot more interesting. Crypto.com and dYdX have joined forces, and the result is nothing short of a game-changer for derivatives trading.
dYdX and Crypto.com: A Powerful Partnership
Crypto.com has integrated with dYdX to bring the dYdX trading infrastructure directly into its Onchain app. What does this mean for you? Get ready for direct access to derivatives trading with up to 50x leverage, all within a self-custodial mobile app interface. High-performance, on-chain trading is now available to a wider audience, all while maintaining a decentralized user environment.
Institutional-Grade Infrastructure for Everyone
dYdX isn't just some newcomer; it's a powerhouse that has already executed over $1.49 trillion in trading volume. By using dYdX’s backend technology, Crypto.com can benefit from a strong and scalable infrastructure, which allows the trading platform to support advanced trading features without sacrificing decentralization. Other platforms can adopt similar configurations via APIs or custom interfaces, adding to the flexibility.
Focus on Decentralization and User Control
This collaboration emphasizes self-custody and decentralized finance. Crypto.com’s Onchain App offers a non-custodial model that integrates dYdX technology, expanding the framework by offering high-leverage derivative trading. With demand growing for more platforms to scale up without using centralized exchanges, infrastructure companies like dYdX provide secure, scalable support.
What's the Big Deal?
Antonio Juliano, founder of dYdX, highlighted that making perpetuals trading simple and accessible has always been the goal. The integration with Crypto.com brings dYdX perps to a global audience of traders. Esther Wong, SVP, Cards and Onchain Product Lead at Crypto.com, expressed excitement about combining Crypto.com’s trusted Onchain platform with dYdX’s cutting-edge trading technology, noting that users can now access advanced trading tools previously available only to institutional traders, all within a seamless and secure interface.
A New Standard for Onchain Trading
The partnership between Crypto.com and dYdX represents a turning point for the entire cryptocurrency ecosystem. By integrating perpetual derivatives within a non-custodial wallet like Crypto.com's, users gain unprecedented accessibility and security, democratizing access to advanced financial instruments. Crypto.com solidifies its role as a pioneer in technological innovation applied to digital asset trading, while dYdX further expands its global presence, bringing its trading infrastructure to millions of new users.
Advanced trading on Crypto.com powered by dYdX is available immediately to eligible users, so dive in and explore the possibilities!
Final Thoughts
So, there you have it! Crypto.com and dYdX are shaking things up in the derivatives market. Whether you're a seasoned trader or just getting your feet wet, this partnership offers some seriously exciting opportunities. Get ready to trade like a pro, all from the convenience of your mobile device. Who knew finance could be this fun?
